Daily · November 13, 2026
October PPI Rose 0.3%. Friday Has No New Mortgage Rate.
Last updated:
On Friday, November 13, 2026, the Bureau of Labor Statistics said the Producer Price Index for final demand rose 0.3 percent in October, seasonally adjusted. Unadjusted, that index rose 6.5 percent over 12 months, the largest increase since November 2022. Mortgage News Daily has not printed a Friday daily rate. Thursday’s 30-year daily remains 7.42%. Freddie Mac’s weekly remains 7.11%.
October PPI is a producer-price print. Thursday’s 7.42% daily is the leftover rate. The illustration is not a quote.
Illustration. Not a rate quote.
Cited daily 30-year
Weekday index by as-of date through Nov 12. Source note.
Cited instruments side by side
Daily 30-year, daily 15-year, Freddie weekly, and the 10-year CMT. Four series. No lock.
| Instrument | Yield | As of |
|---|---|---|
| Daily 30-year | 7.42% | 2026-11-12 |
| Daily 15-year | 7.00% | 2026-11-12 |
| Freddie weekly | 7.11% | 2026-11-12 |
| 30-year CMT | 5.43% | 2026-11-12 |
| 10-year CMT | 5.10% | 2026-11-12 |
Lending
Has Friday’s mortgage rate printed yet?
No. Mortgage News Daily’s 30-year history still ends on the November 12 row at 7.42%, change +0.12% from Tuesday’s 7.30%. There is no November 13 daily and no November 11 daily. MND’s November 12 wrap, posted at 3:17 p.m. ET, remains the latest dated commentary. The survey page says the daily index updates weekdays at about 4 p.m. ET.
Thursday’s leftover product rows still stand: 15-year 7.00%, change +0.08%; jumbo 7.46%, change +0.06%; FHA 7.00%, change +0.11%; VA 7.01%, change +0.11%; 7/6 SOFR ARM 7.05%, change +0.25%. The prior-year 30-year cell is 6.29%, year-over-year +1.13%. Thursday’s Freddie Mac rate note already recut that 7.42% daily against Freddie’s 7.11% weekly.
The lending desk still prices Thursday’s printed curve. On a $400,000 30-year, principal and interest is about $2,775 a month at 7.42%, about $2,661 at the 7.00% FHA daily, about $2,664 at the 7.01% VA daily, about $2,675 at the 7.05% ARM initial survey rate if that starting rate is held for the full term, and about $2,786 at jumbo’s 7.46%. Freddie’s November 12 weekly 7.11% shapes about $2,691. The payment calculator draws that shape. The refinance explainer still asks whether a payment change beats doing nothing after costs. The affordability explainer is a planning range, not an approval. FHA loans, VA loans, jumbo loans, and conventional loans carry those dailies as survey averages.
Lending
What did October PPI print?
BLS USDL 26-1687, embargoed until 8:30 a.m. ET Friday, November 13, 2026, says the Producer Price Index for final demand rose 0.3 percent in October, seasonally adjusted, after 1.4 percent in September. Unadjusted, final demand increased 6.5 percent over 12 months, the largest rise since 7.4 percent in November 2022.
Goods prices increased 0.5 percent in October. Services prices moved up 0.2 percent. Final demand less foods, energy, and trade services rose 0.5 percent in October and 4.9 percent over 12 months. Table 1’s special grouping for final demand less foods and energy rose 0.3 percent in October and 5.0 percent over 12 months. BLS marks the October 12-month and September-to-October columns preliminary. Goods less foods and energy, which BLS says accounted for more than 60 percent of the October goods advance, moved up 0.5 percent.
Table 2 also prints partial loan rows. Consumer loans fell 1.0 percent in October, up 6.8 percent over 12 months. Business loans rose 0.6 percent, down 8.4 percent over 12 months. Those are producer prices for credit services, not the 7.42% daily or the 7.11% weekly.
Lending
Are mortgage rates still above 7% today?
Yes, on the leftover survey rows. Mortgage News Daily’s November 12 30-year is 7.42%. Freddie Mac’s November 12 weekly is 7.11%. MND’s 15-year and FHA rows are 7.00%, VA is 7.01%, jumbo is 7.46%, and the 7/6 SOFR ARM is 7.05%. These are survey averages, not a personal APR, a quote, or a lock.
Freddie Mac publishes PMMS weekly on Thursdays at 12 p.m. ET. The November 12 weekly window was November 5 through November 11, so it does not include Thursday’s 7.42% daily. MBA’s Washington release dated November 11, for the week ending November 6, still has the conforming 30-year contract rate at 7.21 percent with 0.75 points. Wednesday’s Veterans Day rate note already said there was no Wednesday daily rate.
A 0.3 percent October PPI print does not rewrite those leftover survey rates until a new survey row exists.
Lending
Did October PPI change the Fed’s last rate decision?
No. On October 28, 2026, the FOMC kept the federal funds target range at 3-3/4 to 4 percent on a 10–2 vote. Lisa D. Cook and Beth M. Hammack dissented, preferring a 1/4 percentage point increase. The statement did not name a December action. The next scheduled meeting is December 8–9. Friday’s PPI print is not that vote.
The October 28 implementation note keeps the Desk directed to maintain federal funds in a 3-3/4 to 4 percent range. Interest on reserve balances stays at 3.90 percent, effective October 29. Those administered rates are not a 30-year mortgage rate and are not the 6.5 percent 12-month PPI figure. The FOMC calendar associates December 8–9 with a Summary of Economic Projections. October minutes have not posted on that calendar page. The October 29 Fed note covered the hold.
USDL 26-1687 does not set the federal funds range.
Residential
How does October PPI land on homebuilding costs?
Softwood lumber prices fell 3.1 percent in October after falling 1.3 percent in September, according to BLS Table 2; the 12-month change is 10.6 percent. Materials and components for construction rose 0.7 percent in October and 6.2 percent over 12 months, according to BLS Table 1. Those are producer prices, not NAR’s October closing count.
NAR reported on November 12, 2026 that October existing-home sales fell 5.5% from September to a 3.75 million annual rate, down 8.8% from a year earlier. Inventory rose to 1.59 million, a 5.1-month supply. The median price was $416,700, up 0.4%. Census and HUD have not printed an October new-home sales figure. September new-home sales remain CB26-174 at 676,000, with 476,000 for sale, an 8.4-month supply, and a median of $400,400. September starts remain CB26-162 at 1,221,000. The next new-home sales release is November 25. Residential property sales and leases, brokerage fees and commissions rose 0.2 percent in October and 1.4 percent over 12 months on Table 2.
September construction spending remains CB26-176: total $2,186.1 billion, private residential $848.8 billion, 5.5 percent (±1.3 percent) below revised August $898.0 billion. That interval does not include zero. A one-month lumber decline does not invent an October starts figure. Thursday’s Freddie Mac rate note and Wednesday’s Veterans Day rate note remain the prior letters.
Commercial
What did PPI show for commercial construction?
Final demand construction rose 1.8 percent in October and 5.5 percent over 12 months, BLS Table 2 says. New warehouse building construction rose 2.4 percent, new industrial and new health-care buildings rose 1.9 percent, and new office and new school buildings rose 1.6 percent. Those are producer prices for new construction sold to final demand, not a commercial loan rate.
Treasury has not posted a November 13 close. Thursday’s par yield curve still shows the 10-year at 5.10% and the 30-year at 5.43%, up from 4.98% and 5.35% on November 10. There was no November 11 close. Treasury yields are not mortgage rates, and this page does not publish a spread. Truck transportation of freight rose 3.9 percent in October and 24.6 percent over 12 months. Construction for private capital investment rose 1.9 percent in October, and construction for government rose 1.5 percent, according to BLS Table 1.
September private nonresidential construction remains $790.6 billion on CB26-176, 1.1 percent (±0.5 percent) above the revised August estimate of $782.3 billion. That monthly comparison does not carry Census’s asterisk. CMBS balances 30 or more days delinquent were 4.97 percent as of September 30, up from 4.82 percent. That share is loan performance, not October’s 1.8 percent construction PPI. Friday’s PPI construction row is a producer-price change, not a new origination print.
Property management
What did PPI show for property-management fees?
Nonresidential property management fees fell 5.9 percent in October and are up 0.4 percent over 12 months, BLS Table 2 says. Residential property management fees fell 2.2 percent in October and are up 2.6 percent over 12 months. Nonresidential real estate rents rose 0.6 percent in October and 5.1 percent over 12 months. Those are producer prices, not rent.
October CPI remains Tuesday’s leftover. BLS USDL-26-1685 says CPI-U rose 0.4% in October, shelter rose 0.3%, owners’ equivalent rent rose 0.3%, and rent rose 0.2%. BLS did not publish most 12-month changes because October 2025 data were not collected. Do not invent a year-over-year CPI-U figure. Residential electric power fell 0.8 percent in October on Table 2; residential natural gas rose 0.4 percent. Those are producer prices for utilities, not a lease.
Vacancy figures this site can name still come from Census ACS rows in the local section. This publication does not manage buildings, write leases, originate loans, or take applications. A one-month drop in the property-management-fee indexes does not rewrite Tuesday’s shelter CPI or NAR’s 3.75 million October existing-home sales.
FAQ
Has Friday’s mortgage rate printed yet?
No. Mortgage News Daily’s 30-year history still ends on the November 12 row at 7.42%, change +0.12% from Tuesday’s 7.30%. There is no November 13 daily and no November 11 daily. MND’s November 12 wrap, posted at 3:17 p.m. ET, remains the latest dated commentary. The survey page says the daily index updates weekdays at about 4 p.m. ET.
What did October PPI print?
BLS USDL 26-1687, embargoed until 8:30 a.m. ET Friday, November 13, 2026, says the Producer Price Index for final demand rose 0.3 percent in October, seasonally adjusted, after 1.4 percent in September. Unadjusted, final demand increased 6.5 percent over 12 months, the largest rise since 7.4 percent in November 2022.
Are mortgage rates still above 7% today?
Yes, on the leftover survey rows. Mortgage News Daily’s November 12 30-year is 7.42%. Freddie Mac’s November 12 weekly is 7.11%. MND’s 15-year and FHA rows are 7.00%, VA is 7.01%, jumbo is 7.46%, and the 7/6 SOFR ARM is 7.05%. These are survey averages, not a personal APR, a quote, or a lock.
Did October PPI change the Fed’s last rate decision?
No. On October 28, 2026, the FOMC kept the federal funds target range at 3-3/4 to 4 percent on a 10–2 vote. Lisa D. Cook and Beth M. Hammack dissented, preferring a 1/4 percentage point increase. The statement did not name a December action. The next scheduled meeting is December 8–9. Friday’s PPI print is not that vote.
What did PPI show for property-management fees?
Nonresidential property management fees fell 5.9 percent in October and are up 0.4 percent over 12 months, BLS Table 2 says. Residential property management fees fell 2.2 percent in October and are up 2.6 percent over 12 months. Nonresidential real estate rents rose 0.6 percent in October and 5.1 percent over 12 months. Those are producer prices, not rent.
Sources: BLS PPI, October 2026, USDL 26-1687 (Embargoed until 8:30 a.m. ET Friday, November 13, 2026: final demand +0.3 percent SA in October after +1.4 percent in September and +0.4 percent in August; unadjusted 12-month +6.5 percent, largest since +7.4 percent in November 2022; goods +0.5 percent; services +0.2 percent; final demand less foods, energy, and trade services +0.5 percent in October and +4.9 percent over 12 months; goods less foods and energy +0.5 percent; final-demand goods 12-month +10.2 percent, largest since +10.5 percent in October 2022; BLS marks October 12-month and September-to-October columns preliminary); BLS PPI current release page, USDL 26-1687 (Current October 2026 PPI news-release page; same USDL 26-1687 figures as the November 13 archive URL); BLS PPI PDF, October 2026 (PDF of USDL 26-1687, same embargo and figures as the HTML release); BLS PPI Table 1 selected groupings, October 2026 (Seasonally adjusted Sept. to Oct.: final demand less foods and energy +0.3 percent, 12-month +5.0 percent; materials and components for construction +0.7 percent, 12-month +6.2 percent; construction for private capital investment +1.9 percent; construction for government +1.5 percent); BLS PPI Table 2 selected groupings, October 2026 (Seasonally adjusted Sept. to Oct.: final demand construction +1.8 percent, 12-month +5.5 percent; new warehouse building construction +2.4 percent; new school +1.6 percent; new office +1.6 percent; new industrial +1.9 percent; new health care +1.9 percent; softwood lumber −3.1 percent after −1.3 percent, 12-month +10.6 percent; truck transportation of freight +3.9 percent, 12-month +24.6 percent; consumer loans (partial) −1.0 percent, 12-month +6.8 percent; business loans (partial) +0.6 percent, 12-month −8.4 percent; nonresidential property management fees −5.9 percent, 12-month +0.4 percent; residential property management fees −2.2 percent, 12-month +2.6 percent; nonresidential real estate rents +0.6 percent, 12-month +5.1 percent; residential property sales and leases, brokerage fees and commissions +0.2 percent, 12-month +1.4 percent; residential electric power −0.8 percent; residential natural gas +0.4 percent); BLS PPI home and latest numbers (PPI program page summarizing October 2026 final demand +0.3 percent SA and 12-month +6.5 percent; next PPI release December 15, 2026); BLS PPI release schedule (October 2026 PPI released November 13, 2026, 8:30 a.m. ET; November 2026 PPI scheduled December 15, 2026, 8:30 a.m. ET); Mortgage News Daily 30-year history (November 12, 2026 row 7.42%, change +0.12% from 7.30% on November 10, prior year 6.29%, year-over-year +1.13%; no November 11 daily; no November 13 daily as of this letter); Mortgage News Daily 15-year history (November 12, 2026 row 7.00%, change +0.08% from 6.92% on November 10; no November 13 daily as of this letter); Mortgage News Daily jumbo history (November 12, 2026 row 7.46%, change +0.06% from 7.40% on November 10; no November 13 daily as of this letter); Mortgage News Daily FHA history (November 12, 2026 row 7.00%, change +0.11% from 6.89% on November 10; no November 13 daily as of this letter); Mortgage News Daily VA history (November 12, 2026 row 7.01%, change +0.11% from 6.90% on November 10; no November 13 daily as of this letter); Mortgage News Daily 7/6 SOFR ARM history (November 12, 2026 row 7.05%, change +0.25% from 6.80% on November 10; no November 13 daily as of this letter); Mortgage News Daily, November 12, 2026 (Thursday, November 12, 2026, 3:17 p.m.: wrap titled Mortgage Rates Definitely Aren’t Lower This Week! remains the latest dated wrap on the rates page Friday morning; daily index still listed as of 11/12/26; page says the daily updates weekdays at about 4 p.m. ET); Mortgage News Daily rates page (Friday, November 13, 2026 morning check: additional-rate-survey table still dated 11/12/26; 30-year 7.42%, 15-year 7.00%, jumbo 7.46%, 7/6 SOFR ARM 7.05%, FHA 7.00%, VA 7.01%; no November 13 daily row); Freddie Mac PMMS (As of November 12, 2026, 30-year 7.11%, down from 7.18%, year-ago 6.24%; 15-year 6.45%, down from 6.57%, year-ago 5.49%; weekly window November 5 through November 11; released Thursdays at 12 p.m. ET); Treasury daily yield curve, November 2026 (November 12, 2026 close: 2-year 4.86%, 3-year 4.90%, 5-year 4.95%, 7-year 5.02%, 10-year 5.10%, 20-year 5.48%, 30-year 5.43%; November 10 close: 2-year 4.73%, 3-year 4.74%, 5-year 4.81%, 7-year 4.89%, 10-year 4.98%, 20-year 5.39%, 30-year 5.35%; no November 11 close; no November 13 close as of this letter); FOMC statement, October 28, 2026 (10–2 vote to maintain the federal funds target range at 3-3/4 to 4 percent; Cook and Hammack preferred a 1/4 percentage point increase at that meeting; statement does not name a December action); FOMC implementation note, October 28, 2026 (Desk directed to maintain federal funds in a 3-3/4 to 4 percent range; IOR 3.90 percent, effective October 29, 2026); FOMC meeting calendar (Next scheduled meeting December 8–9, 2026, associated with a Summary of Economic Projections; October minutes not posted on the calendar page); MBA Weekly Mortgage Applications Survey, week ending November 6, 2026 (Washington release dated November 11, 2026: conforming 30-year 7.21 percent with 0.75 points; week ended November 6, before Tuesday’s 7.30% daily and Thursday’s 7.42% daily); BLS CPI, October 2026, USDL-26-1685 (Leftover: embargoed until 8:30 a.m. ET Tuesday, November 10, 2026: CPI-U +0.4 percent seasonally adjusted; shelter +0.3 percent; owners’ equivalent rent +0.3 percent; rent +0.2 percent; BLS cannot publish most 12-month percent changes because October 2025 data were not collected); Census/HUD New Residential Sales, CB26-174 (Leftover: September sales 676,000 SAAR; for sale 476,000; 8.4 months; median $400,400; next release November 25, 2026); NAR existing-home sales, October 2026 (Washington, November 12, 2026 leftover: October existing-home sales 3.75 million SAAR, -5.5 percent from September, -8.8 percent year over year; inventory 1.59 million, 5.1-month supply; median $416,700, +0.4 percent); Census/HUD New Residential Construction, CB26-162 (Leftover: September starts 1,221,000 SAAR); Census construction spending, CB26-176 (Leftover: September total $2,186.1 billion; private residential $848.8 billion, 5.5 percent (±1.3 percent) below revised August $898.0 billion; private nonresidential $790.6 billion, 1.1 percent (±0.5 percent) above revised August $782.3 billion); MBA CREF Loan Performance Survey, third quarter 2026 (As of September 30, 2026: CMBS balances 30 or more days delinquent 4.97 percent, up from 4.82 percent); BLS release schedule, 2026 (Friday, November 13, 2026, 8:30 a.m.: Producer Price Index for October 2026; import and export prices next on November 17).